President Signs Spending Bill with Extensive Tax Provisions
The Further Consolidated Appropriations Act, 2020: extenders, kiddie tax repeal, disaster relief, healthcare tax repeals, Section 529 expansion and retirement changes.
Read moreTax articles for small business owners
Tax law changes, filing deadlines and planning notes — written for business owners, not for accountants.
Each piece is dated, and tax law moves: use these for the reasoning, and the tax center for current deadlines and official IRS and Maryland links.
Top Tax Issues — Consolidated Appropriations Act, 2020 — Businesses
Business provisions revived by the 2020 Act: expensing rules, energy credits, depreciation classifications, work opportunity credit and retirement plan credits.
Read moreNew Tax Pitfalls to Avoid — Consolidated Appropriations Act, 2020 — Individuals
Individual provisions in the 2020 Act: tuition deduction, Section 529 expansion, mortgage insurance premiums, kiddie tax repeal, IRA and disaster-related changes.
Read moreTop Tax Developments of 2019
Section 199A guidance, the rental real estate safe harbour, 100 percent bonus depreciation regulations and the Taxpayer First Act — the key 2019 tax developments.
Read moreTaxes: Late Filing and Late Payment Penalties
The annual deadline to file your federal income tax return is April 15th. Here is what happens if you pay or file your taxes late.
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